S&P/ASX 200 ends up 0.1% as growth stocks surge; $A hits 6-month low on hawkish Fed; Westpac's Bill Evans tips 1Q23 RBA rate hike
The S&P/ASX 200 finished up 0.1% as growth stocks surged; $A hit a 6-month low on hawkish Fed; Westpac's Bill Evans tips 1Q23 RBA rate hike. Gold finds support, but oil continues to fall.
Welcome to the Trading Day blog for Friday, 18 June 2021. The ASX 200 opened up as Afterpay took the lead, jumping 7pc, and is holding gains made through the morning session, with only the slightest push needed to reach a fresh record high. Miners and Energy stocks fell. Wall Street closed mixed following the US Fed’s rate outlook.
On Wall Street, the Dow closed down 0.6 per cent, the S&P 500 ended less than 0.1 lower, while the Nasdaq rose 0.9 per cent. The Australian dollar sank again as the greenback extended its rally amid the prospect of higher rates, while European markets were mixed.
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